Allison Transmission (NYSE:ALSN) Upgraded at StockNews.com

Allison Transmission (NYSE:ALSN - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upped their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James lowered their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of "Hold" and an average price target of $98.63.

Allison Transmission Trading Up 1.1%

NYSE ALSN traded up $1.13 during trading hours on Monday, reaching $106.29. The company's stock had a trading volume of 622,208 shares, compared to its average volume of 640,178. The firm has a fifty day simple moving average of $94.34 and a 200-day simple moving average of $105.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission has a 52 week low of $71.49 and a 52 week high of $122.53. The stock has a market cap of $8.96 billion, a P/E ratio of 12.79 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The company had revenue of $766.00 million for the quarter, compared to analyst estimates of $792.18 million. During the same quarter in the previous year, the business earned $1.90 earnings per share. Allison Transmission's revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 4,546 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John Coll sold 1,788 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. Financial Strategies Group Inc. grew its position in shares of Allison Transmission by 23.6% in the first quarter. Financial Strategies Group Inc. now owns 4,236 shares of the auto parts company's stock valued at $377,000 after purchasing an additional 810 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Allison Transmission by 5.2% during the first quarter. NewEdge Advisors LLC now owns 18,621 shares of the auto parts company's stock worth $1,781,000 after purchasing an additional 927 shares during the last quarter. Millennium Management LLC boosted its stake in Allison Transmission by 97.6% in the first quarter. Millennium Management LLC now owns 370,050 shares of the auto parts company's stock worth $35,403,000 after buying an additional 182,799 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Allison Transmission by 86.0% during the 1st quarter. Alliancebernstein L.P. now owns 269,658 shares of the auto parts company's stock valued at $25,798,000 after purchasing an additional 124,707 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of Allison Transmission in the first quarter worth about $201,000. Institutional investors own 96.90% of the company's stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.